Daily Nuclear & Uranium Market Recap
3/24/26
Daily Nuclear & Uranium Market Recap
Tuesday, March 24, 2026
Market Overview
The nuclear and uranium complex posted a quietly constructive session, with modest gains in key uranium names and another strong day for ASP Isotopes, against a backdrop of flat to weaker uranium prices and a mixed but ultimately slightly higher broader market. The S and P 500 finished up about 0.07%, with megacap tech edging higher even as software lagged and dispersion across sectors widened. Uranium fell to $83.50/lb on March 23, down 1.07% day over day and 6.13% over the past month, though it remains about 29.36% higher than a year ago. Futures data show the front month pinned at $83.50 after a gradual slide from the $86 to $89 band earlier in March and from the late January spike to around $101.50/lb.
Nuclear and Uranium Names
ASP Isotopes (ASPI) closed at $5.02, plus 3.93% on 5.9M shares, extending yesterday’s 16 percent surge. MarketBeat noted that ASPI gapped up Monday, opening at $4.55 after a $4.22 close, and highlighted mixed but generally bullish analyst views: Cantor Fitzgerald Overweight with a $13 target, Canaccord Buy at $11, and Weiss Ratings Sell (D minus), for a consensus rating of Hold and a $13 consensus target. The note also underscored ASPI’s development stage isotope platform and quantum enrichment technology for molybdenum 100 and other isotopes, with insiders still owning about 14.4%. Today’s follow through suggests continued institutional interest following the recent CEO commentary around 2026 commercial ramp and Silicon 28 deliveries.
NuClear (NKLR) closed at $5.01, plus 2.87% on 367.1K shares, with another wide intraday range from $4.75 to $5.43.
Energy Fuels (UUUU) closed at $18.18, plus 2.19% on 10.4M shares, continuing its gradual rebound from mid March lows. The Q4 beat and bullish 2026 margin outlook remain key supports.
Centrus (LEU) closed at $197.54, plus 2.03% on 565.1K shares, stabilizing just under $200 after recent volatility. Zacks last week framed LEU as an attractive buy the dip candidate given its $3.8B backlog and leading role in U.S. enrichment and HALEU supply, even as the stock remained down nearly 20% over three months.
Nano Nuclear (NNE) closed essentially flat at $21.99, minus 0.14% on 965.1K shares.
Oklo (OKLO) closed at $55.65, minus 1.08% on 7.4M shares, slipping slightly after yesterday’s bounce but holding the mid $50s band.
Skillful Craftsmen (SKBL) closed at $3.09, minus 1.59%, a small micro cap move.
Broader Market Names (Context)
The inclusion of large cap tech and index tickers underscores how uranium traded against the wider risk backdrop:
Tesla (TSLA) closed at $385.98, plus 1.35%; UnitedHealth (UNH) at $272.54, plus 1.11%; Apple (AAPL) at $253.64, plus 0.85%; Nvidia (NVDA) at $176.94, plus 0.74%; Intel (INTC) at $44.26, plus 0.57%; SPY at $657.68, plus 0.35%. This aligns with today’s major index coverage, which described a mixed but ultimately positive session fueled by resilient megacap tech as investors parsed Fed rate expectations and Treasury yields.
On the downside, Netflix (NFLX) closed at $91.40, minus 2.12%; Salesforce (CRM) at $183.88, minus 5.79%; The Metals Company (TMC) at $4.75, minus 6.13%; and Coinbase (COIN) at $182.99, minus 8.79%, reflecting ongoing pressure in software, metals, and crypto despite the modest S and P 500 gain.
These moves emphasize that uranium equities traded today within a broader tape where risk appetite was selective and rotations within tech and cyclicals continued.
Uranium Market Backdrop
Spot and futures: Uranium’s $83.50/lb close on March 23 marks a further step down from the mid $80s plateau earlier this month and a 6.13% one month decline, but prices are still nearly 30% above March 2025 levels. Cameco’s monthly table shows March 2025 at $64.23/lb, underscoring the structural upward reset in the price deck even after the recent pullback. Futures have tracked spot tightly, with no sign yet of a deeper contango driven selloff.
Context: As detailed in early March analysis, uranium surged to around $101.50/lb in late January, driven by persistent supply deficit concerns, Sprott Physical Uranium Trust buying, and geopolitical energy security worries, before retracing into the mid $80s by late February. CarbonCredits and Sprott continue to frame the current retreat toward the low $80s as a pause within a bull market shaped by increasing nuclear buildouts, AI and data center power demand, and limited new mine supply.
SEQH Desk View
Today’s session reinforced a theme that has defined March: equities are starting to stabilize and, in select cases, rebound even while uranium itself drifts slightly lower toward the low $80s. ASPI’s plus 3.9% follow through after yesterday’s gap up, UUUU and LEU’s 2 plus percent moves, and a broader green tilt across core uranium names show that buyers are quietly reengaging on the equity side, particularly in stories with credible growth, strong balance sheets, and differentiated fuel cycle exposure.
The spot slide from the mid $80s to $83.50/lb is not trivial, but it is also not a break of the structural thesis that pushed uranium over $100 in January. As long as long term contracting and policy support remain intact, and as long as we are talking about a 6 percent pullback against a 30 plus percent year over year rise, the sector still looks more like it is digesting gains than reversing the cycle.
Against a broader market where the S and P 500 barely finished in the green, megacap tech is shouldering the index, and software and metals are under pressure, the fact that ASPI, UUUU, LEU, UEC, and peers were up is notable. It suggests uranium is quietly reclaiming a spot on the radar of investors looking past near term Fed noise toward multi year supply and demand imbalances.